Benchmark 2014

Retire Another Day

Past assumptions based on life expectancy, family structures and capital requirements at retirement no longer hold true. With less money to live on at retirement, people have longer retirements and far greater financial burdens. With only 29% of South African retirees able to maintain their standard of living, it is critical that the retirement industry looks closely at its changing landscape, compared to just a few years back.

Retire another Day explores the changing needs of the retiree, and how it affects the way in which members need to plan for the future. 'Employers should reconsider the retirement age so that it corresponds with the increase in longevity and think about offering people second careers after official retirement.' - Dawie de Villiers, CEO: Sanlam Employee Benefits

Given the changing needs, we have asked 3 futurists (people who specialise in predicting how the world will be in time to come) to give us a glimpse into the future.